Verisk (US), a provider of data analytics solutions, has acquired InfutorData (US), a leader in identity resolution and consumer intelligence, the companies said on Thursday.
| Acquirer | Verisk (US) |
|---|---|
| Target | InfutorData (US) |
| Value | Undisclosed |
| Deal Type | Acquisition |
| Close Date | 2022-02-24 |
Deal Mechanics
The terms of the transaction were not disclosed. Verisk did not provide buy-side advisors, while InfutorData was advised by Jefferies.
McCarter & English provided legal counsel to Verisk in this acquisition and Goodwin Procter represented InfutorData.
Strategic Rationale
The deal aims to strengthen Verisk's marketing solutions offerings. InfutorData’s capabilities in consumer intelligence will complement Verisk's existing portfolio, allowing the company to offer more comprehensive data-driven services to its clients.
Financial Context
Verisk has been expanding its technology and analytics footprint through strategic acquisitions aimed at enhancing customer insights and operational efficiency. The company operates in a highly competitive market where technological advancements are crucial for maintaining leadership.
The acquisition of InfutorData underscores Verisk’s commitment to leveraging advanced data intelligence to deliver superior value to clients across industries, including financial services, insurance, and healthcare.
Outlook
With the addition of InfutorData's identity resolution and consumer intelligence capabilities, Verisk is well-positioned to address growing market demands for integrated solutions that facilitate more effective marketing strategies and operational improvements.